Lets go over the bad things about what is happening!!!
I brought this up once before!! This company is printing FALSE 10-Q's and they are lying about numbers to shareholders!!
Here is one example!!
Unless we indicate otherwise, all information in this prospectus:
· is based on 8,823,623 shares of common stock issued and outstanding as of August 19, 2013 ;
· excludes the conversion of the Company’s Series D Preferred Stock into an aggregate of 290,000 shares of common stock;
· excludes 1,550,000 shares of shares of restricted common stock that was awarded to certain named executive officers, directors and employees of the Company which are subject to vesting;
· excludes 670 shares of our common stock issuable upon exercise of outstanding options at a weighted average exercise price of $425.00 per share as of August 19, 2013; and
· excludes 1,636,276 shares of common stock issuable upon vesting and settlement of outstanding restricted stock unit awards as of August 19, 2013.
This was told to shareholders that the last was a mistake!! If it WAS!! one then an amended s-1 should have been released!!
The O/S should be over 12 million and we were told only 10.5 million!!
The bad side is that in short term I see some shareholders leaving!! ie the 2 million group to save their ass!!
And that some MM's will short the crap out of this stock!! to drive retail out as well!!
And someone behind the scenes accumulating shares for the takeover!! Possible the one shorting this stock to get people out??? And buy when low enough and send her back up to accumulate shares!! Maybe even more than one shareholder in the mix!!!
8.8 million free shares or float out of say total
As of August 13, 2013, there were 10,127,124 shares outstanding of the registrant’s common stock.
of total from 10-Q
5% of 10 million is about 506,000 shares before a SEC form needed to file for possession!!!
So this is going to GET REAL INTERESTING over next 45 days when next 10Q comes out!!!
I see VOLATILITY coming from more lows to some different highs!!!